MNI China Daily Summary: Friday, February 3

MNI BRIEF: Professional Forecasters Up Inflation Outlook: ECB

MNI BRIEF: China To Fully Reopen Borders With HK and Macau

MNI DATA FORECASTS: RBA, Riksbank In Focus

MNI: US ISM JAN SERVICES COMPOSITE INDEX 55.2

RBA Watch

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

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Corporate Credit Update

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Investment-grade corporate credit risk receded Monday, near midday lows with stocks parting early losses, extending highs at the moment.

  • Investment grade risk measured by Markit's CDXIG5 index is currently -1.204 at 81.943; CDXHY5 high yield index 100.619 (+0.087).
  • Outperforming credit sectors (tighter or least wide): Subordinated Financials (-6.2), Consumer Discretionary (-5.1), Communications (-4.8)
  • Lagging sectors (wider or least narrow): Utilities (-1.5), Industrials (-1.8) and Energy (-2.4).
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Investment-grade corporate credit risk receded Monday, near midday lows with stocks parting early losses, extending highs at the moment.

  • Investment grade risk measured by Markit's CDXIG5 index is currently -1.204 at 81.943; CDXHY5 high yield index 100.619 (+0.087).
  • Outperforming credit sectors (tighter or least wide): Subordinated Financials (-6.2), Consumer Discretionary (-5.1), Communications (-4.8)
  • Lagging sectors (wider or least narrow): Utilities (-1.5), Industrials (-1.8) and Energy (-2.4).